Stocks in the Spotlight Wednesday

The pet supply company rose 13.2% after reporting a better-than-expected first quarter and lifting its full-year earnings guidance. In Wednesday's Barron's Take, reporter Johanna Bennett writes, "PetSmart faces the same threat from Internet retailers as other brick-and-mortar chains. And premium private-label pet-food brands from mass merchants pose an increasing threat. Many analysts see PetSmart's stock price rising over the next 12 months. "But taking profits now will keep your tail from...